83298 Argus Avenue, Trona, California 93562, Trona, 93562 - 36 bed, 36 bath

83298 Argus Avenue
Trona, California 93562
Property Price
SUMMARY
Analysis of 83298 Argus Avenue, Trona, California 93562 is currently available with a list price of $688,888. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Trona Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property, built in 1948, consists of 36 units. While one unit has been fully completed with modern updates to the kitchen (grey cabinets, new countertops, LVP flooring) and bathroom (new vanity, toilet, shower surround), the remaining 35 units are explicitly stated as 'ready for renovation.' Images of these unrenovated units show extensive disrepair, including exposed studs, missing fixtures, peeling paint, and boarded windows, rendering them unlivable. The overall condition of the complex requires substantial repairs and rehabilitation for the vast majority of its units, aligning with the 'poor' classification.
PROSSTRENGTHS & OPPORTUNITIES
- Large Scale Investment Opportunity
This multi-family commercial/residential complex offers a rare large-scale investment opportunity with 36 units, providing substantial potential for rental income.
- Significant Upside Potential
The property boasts significant upside potential with projected rents of $800-$900 per unit upon completion, supported by Trona's growth and active rehabilitation of surrounding real estate.
- Expansive Lot Size
Situated on an expansive three-acre lot (129,808 sqft), the property offers ample space and potential for future development or amenities.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The majority of units (35 out of 36) are 'ready for renovation,' requiring significant capital investment and project management to bring them to rentable condition.
- Currently Vacant
The entire complex is currently vacant, meaning no immediate income generation and potential for increased security and maintenance challenges during the renovation phase.
- Age of Property
Built in 1948, the property's age suggests potential for outdated infrastructure and systems beyond the noted roof replacements, which may necessitate further upgrades.
About 83298 Argus Avenue
(36 units /36Beds/36Baths/Each Unit is 500sqft 1B1B) Multi-family commercial/residential complex for sale. After Construction, the property may be rented via Section 8 Government Housing. Section 8 currently pays about $1,000 for each unit. The property consists of four separate apartment buildings with an equal number of units in each all configured as one bedroom one bathroom units totaling approximately 22000 square feet of living area on an expansive three acre lot. Utilities including gas water and electric are present and the property features separate laundry room structures. Two of the four buildings have recently received new roofs and one unit in the first building has been fully completed while the remaining units are ready for renovation. The entire complex is currently vacant and offers significant upside potential with projected rents of $1000-$1,200 per unit upon completion as Trona continues to grow and much of the surrounding real estate is being actively rehabilitated creating strong future demand and long term upside. Plan of Action to get leased available soon in MLS supplements. Construction Cost Supplements coming soon. There is already a successful apartment complex with over 50 units in Trona known as the Searles Valley Apartments. They currently have a large waiting list, which suggests tenants are already waiting to move in!
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1948
- Lot Size
- 129,808 Sq. Ft.
Interior
- Total Bedrooms
- 36
- Total Bathrooms
- 36 (36 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1948 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 28, 2026
$688,888
$750,000
-8% Price Drop
Initial Listing
Price Change
Jan 4, 2026
$750,000
Initial Listing
Sold
May 25, 2010
$50,000
Public Record
Sold
Aug 14, 2006
$590,000
Public Record
Sold
Jun 30, 2005
$92,500
Public Record


































































